Ocean World Ventures Sells Mixed-Use Property On Chicago's West Side For $1.41M
5329 West North Avenue, Chicago, Illinois 60639, United States
$1,410,000
Building Size
—
Asset Type
Mixed-use
Closing
Jun 19, 2022
AI
A mixed-use property located at 5329 W. North Ave, 550 N. Avers Ave, and 3908 W. Ferdinand St in the West Side of Chicago has been sold for a total of $1,410,000. The property comprises of 18 units, resulting in a price per unit (PPU) of $78,333.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,410,000
- Units: 18
- Price Per Unit: $78,333
The sale was facilitated by Ted Stratman and Jeremy Morton from Interra Realty, who represented the seller, Ocean World Ventures.
Players
Chicago Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.25%
Cash-on-Cash
-3.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93